Re: Finance minister defends tax reforms, Flash News, November 24, 2005
It is true that people with a higher salary pay more tax under the flat tax system than those with a lower salary, but the system is more weighted against the poor as they have to use a higher proportion of their income for purchasing necessities. It is a retrogressive tax.
With a zero tax rate on dividends and the tax on inheritance abolished, Slovakia seems set on a relentless path of increasing the gap between the rich and the poor in the country.
If other EU states introduced a similar tax system as in Slovakia, that gulf would be further enhanced throughout the EU with none of the advantages currently enjoyed by Slovakia over its EU companions.
16. Jan 2006 at 0:00